Natural gas had its second-biggest losing session since February as a tepid demand outlook and pessimism across the energy sector continued to rip through the market. The front-month January contract settled down 20.7 cents, or 5.4%, at $3.595 a million British thermal units on the New York Mercantile Exchange. Prices have fallen 20% from the season’s high settlement on Nov. 20 and are approaching their low closing price of 2014, $3.561/mmBtu. The front-month contract saw bigger losses in one session only once since February, but the 6.1% decline recorded Nov. 28 came over two days because the market had no settlement on Thanksgiving. Weather forecasts are encouraging traders to sell. Unseasonably warm temperatures forecast across most of the country almost until Christmas have them expecting little demand for gas heat. Half of all U.S. homes use natural gas for heating, and several analysts have said […]